Boston Herald (08/28/08); McConville, Christine
MIT's Center for Advanced Visual Studies commissioned an art installation from architect and urban designer Damon Rich, who has studied the role of finance in communities since he founded the New York nonprofit Center for Urban Pedagogy in 2000. "Red Lines, Death Vows, Foreclosures, Risk Structures: Architecture of Finance from the Great Depression to the Subprime Meltdown" will open at the MIT Museum on Sept. 9 and run until December, featuring models, videos, photos and drawings. Rich observed foreclosure auctions, interviewed top finance executives and researched the origin of the word "mortgage." In discovering the French term for "death vow," Rich says, "The idea is you would be dead before you could pay it off."
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